Power Solution Group
Our Business
Power Solution Group
Power Solution Group consists - International Power Div., Utility Retail Div., Power Business Development Div., and Domestic Power Business Office. Our group is responsible for producing (generating) renewable energy, adjusting electricity that fluctuates by the weather (supply-demand adjustment), and delivering adjusted electricity along with high value-added services. We are engaged in a variety of initiatives to meet customer demands through these businesses in the value chain.
Our aim is to contribute to the society's sustainability and realization of decarbonization through renewable energy business that significantly contributes to decarbonization, power trading business in particular spot and futures trading in the power market for supply-demand management to compensate for the intermittency of renewable energy, and the development of green hydrogen business which is expected to be the next-generation energy resource enabling decarbonization of the non-electrified areas, our counterparties who benefits from our value added services.
Organizational Structure
International Power Division
International Power Division - are involved in the power generation business and power trading business in Americas, also expanding fields in Europe through Eneco, an integrated energy company in the Netherlands, which we acquired with Chubu Electric Power in March 2020.
In Americas, large-scale power generation business, distributed solar generation business and power trading business are the main activities in US and Mexico, through Diamond Generating Corporation. Focus is on renewable energy supply business such as offshore wind power, but at the same time expansion of flex power sources and establishing new energy value chain utilizing digital technology, fulfilling the stability demand by the customers.
In Europe, Eneco - mainly focusing its markets in the Netherlands, Belgium and Germany - is developing renewable energy power generation business as well as electricity / gas retail service and EaaS by utilizing its own created high accuraccy digital integration platform.
Eneco is an advanced integrated energy company that has set its goal achieving carbon neutrality by 2035 and providing customer-focused service, at very early stage.
- Main Products and Services
- Overseas Power Generation business, Power & Gas Trading business, Distributed Power Supply business, Retail business, District Heating Supply business, Hydrogen business
- Organizational Structure
- Strategy & Planning Office｜Americas Power Business Dept.｜Europe Power Business Dept.
Utility Retail Division
Utility Retail Division engages in power trading and retail business in both domestic and overseas markets. For the Power Trading business, through the Irish company, where Ireland having high penetration rate with renewable energies, offers various services in Ireland and Japan to promote renewable energies.
For the Power Retail business, do invest in a power service company in Great Britian which has strengths in digital technologies, also who invests into startup entity serving electricity to off-grid areas in Africa. Also involved in a retail service in Japan after the deregulation adopted back in 2016.
- Main Products and Services
- Power Trading business, Power Retail business
- Organizational Structure
- Strategy & Planning Office｜Power Service Dept.｜Power Trading Dept.
Power Business Development Division
Power Business Development Div. is working to further develop the conventional power business and leverage the comprehensive strengths of the Mitsubishi Corporation Group to create new value that will bring innovation to the industrial structure through renewable energy.
Notably aiming to develop a green hydrogen business to support and structure decarbonization to the non-electrified areas and establishing renewable energy value chain.
Development and operation of a power transmission business that connects renewable energy to the demand, commercialization of new technologies for decarbonization to solve the unique challenges of renewable energy itself own, and finally transforming existing business models in growing markets such as Asia and Oceania, are another part of its role.
- Main Products and Services
- International Power Generation business, International and Domestic Power Transmission business, Next-Generation Energy business
- Organizational Structure
- Strategy & Planning Office｜Asia & Oceania Power Business Dept.｜Power Transmission Business Dept.
Domestic Power Business Office
Domestic Power Business Office is committed to contributing to the realization of a carbon-neutral society which Japan had raised to achieve by 2050, by developing and operating renewable energy sources through subsidiaries, Mitsubishi Corporation Energy Solutions, especailly in the areas of offshore wind, onshore wind, solar, and hydropower, along with solution prividings to customers. For thermal power generation model, we will collaborate and discuss closely with our customers, partners, and local communities to ensure stable supply while advancing the implementation of low-carbon and decarbonization initiatives.
- Main Products and Services
- Domestic Power Generation business
